Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
PURA article from yesterday:
https://pura.go.tz/news/3d-seismic-data-acquisition-in-ruvuma-block-completed
(I got a warning message from Firefox about the site but took the risk - the article is legit...)
GLA!!
I notice H&W's market cap is still under £47m, despite apparently winning the lion's share of a £1.65bn contract and with a promised £77m refurbishment of their yards now on the way. Surely there's still value here despite missing the 5p boat (if you'll excuse the pun!).
Well, at least my question has been answered... :-~
Definitely a 'Hold' for me now & long term I'm still optimistic about the company's prospects as there is clearly some tangible recent traction with their diverse range of products - here's hoping the Book Build is quickly filled tomorrow!
Any theories as to this fall in share price? I can't find any clues online and their latest trading update on 19/07 all sounded quite optimistic, so this drop is a bit surprising...! Here's hoping we don't have to wait too long for another positive RNS...
GLA!!
Umm, IMHO this might actually prove quite fortuitous for Scirocco! Not just one, but two, organisations have decided to exercise first refusal over the sale of Ruvuma, including the organisation currently conducting the 3d-Seismic! Additionally a 3rd organisation, Aminex, have another 3 days to decide if they too wish to invoke their own pre-emption rights! I sense a potential auction ensuing...
GLA!! :-)
Now THAT'S a significant RNS!! The company conducting the 3d Seismic (ie. the ONLY people who can watch the 3d results coming in real-time) have decided to exercise their right to first refusal on Ruvuma... Still hat-eating at 1.4p RoJo...? :-)
GLA!! :-)
(Including you RoJo)
Headline article this morning from Bloomberg:
https://www.bloomberg.com/news/articles/2022-07-05/the-global-energy-crisis-just-got-even-worse-here-s-why?srnd=premium-uk
Now, where's that 3D-Seismic...?
GLA!! :-)